Open AccessCorporate Decision Making and SocioEnvironmental Investments In Brazil: An Analysis Based On Social Audits
Author(s) -
André Luiz Bufoni,
Aracéli Cristina de Sousa Ferreira,
Márcia da Silva Carvalho
Publication year - 2012
Publication title -
issues in social and environmental accounting/issues in social and environmental accounting (isea)
Language(s) - English
Resource type - Journals
eISSN - 2460-6081
pISSN - 1978-0591
DOI - 10.22164/isea.v6i1.66
Subject(s) - profitability index , audit , representativeness heuristic , business , profit (economics) , economics , accounting , finance , statistics , microeconomics , mathematics
The purpose of this paper is to analyse environmental investments made between 1996 and 2008 by two hundred Brazilian firms. The study uses traditional techniques to establish the representativeness and importance of the variables and the extent of correlations between them. The results indicate a significant correlation between the amount of environmental investments and variables such as age, level of education, professional training of employees and profit-sharing policies. However, no significant correlation between environmental investments and profitability was found. The analysis revealed a linkage between decisions to invest in the environment and social investments outside the firm.